October 31, 2018

Kelsey-Seybold Clinic taps Prudential to manage $413 million in retirement assets

NEWARK, N.J., October 31, 2018 - Kelsey-Seybold Clinic, a Houston-based multispecialty group practice, chose Prudential Retirement as record keeper for its retirement plans.

October 23, 2018

Blue Cross and Blue Shield of Nebraska selects Prudential Retirement to oversee $138M retirement plan

NEWARK, N.J., October 23, 2018 - Blue Cross and Blue Shield of Nebraska, an independent licensee of the Blue Cross and Blue Shield Association, hired Prudential Retirement to serve as the new provider for its 401(k) retirement plan. Prudential Retirement, among the industry’s largest record keepers, is a business unit of Prudential Financial, Inc. (NYSE: PRU).

October 22, 2018

Women lag men in retirement savings, Prudential study finds

NEWARK, N.J., October 22, 2018 - Women on average have saved 43 percent less for retirement than men, finds new data from Prudential Financial, Inc. (NYSE: PRU).

October 18, 2018

Prudential Financial closes $3.2 billion in new longevity reinsurance agreements, signaling healthy growth in the U.K. pension risk transfer market

NEWARK, N.J., October 18, 2018 - Prudential Retirement®, a unit of Prudential Financial, Inc. (NYSE:PRU), has concluded $3.2 billion in previously undisclosed longevity reinsurance contracts, a further sign that pension de-risking activity in the U.K. is continuing at a brisk pace. As part of these transactions, The Prudential Insurance Company of America (PICA) assumes the longevity risk for approximately 13,200 retirees.

October 04, 2018

Prudential to oversee retirement plan for Norwegian Cruise Line Holdings Ltd.

NEWARK, N.J., October 04, 2018 - Prudential Retirement, among the industry’s largest record keepers, has been selected to oversee the 401(k) retirement plan for Norwegian Cruise Line Holdings Ltd. Prudential Retirement is a business unit of Prudential Financial, Inc. (NYSE:PRU).

September 26, 2018

SEPTA chooses Prudential Retirement to oversee $226M public sector retirement plan

NEWARK, N.J., September 26, 2018 - The Southeastern Pennsylvania Transportation Authority (SEPTA), a regional public transportation authority that serves nearly 4 million people in and around Philadelphia, hired Prudential Retirement to serve as the new provider for its public sector retirement plan. Prudential Retirement, among the industry’s largest record keepers, is a business unit of Prudential Financial, Inc. (NYSE: PRU).

September 20, 2018

Europe’s elder boom and baby bust: Leaders seek innovation to improve retirement security

Europe’s rising longevity and falling birthrates are pressuring its retirement systems like never before, as its elderly populations grow relative to its working-age populations. By 2050, nearly one in three Europeans will be over the age of 65, a trend that promises to strain the finances of retirees and their families, as well as the societies in which they live.

September 07, 2018

In love, but don’t want to get hitched? Think again, with your wallet

If it seems you’ve gotten fewer wedding invitations lately, it’s not your imagination. Marriage is declining, and not only among young couples. Those nearing retirement age are shying away from marriage, too. Unfortunately, those who never marry could find themselves without a financial safety net.

 

August 20, 2018

Prudential is a company that’s changing the world, says Fortune magazine

In the decade since Prudential created the modern pension risk transfer, the company has issued billions of dollars in retirement payments to millions of retirees. Those payments—$5.2 billion to more than 1.4 million retirees in 2017 alone—have ripple effects. The money supports people of all economic levels, and, in turn, reverberates in the communities in which these retirees live.

August 15, 2018

Prudential Retirement is Rockland County’s new deferred compensation plan provider, to oversee $313 million in new retirement assets

NEWARK, N.J., August 15, 2018 - Deferred Compensation Plan officials for Rockland County, New York, have selected Prudential Retirement as their new record keeper. Prudential Retirement, among the industry’s largest recordkeepers and a leading provider of retirement solutions, is a business unit of Prudential Financial, Inc. (NYSE:PRU).